Just Eat Takeaway said it was delisting its shares from the London Stock Exchange owed to the "low liquidity and trading volumes" of its shares connected the exchange.
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Just Eat Takeaway volition delist from the London Stock Exchange adjacent month, successful a stroke to the U.K.'s ambitions to pull much high-growth tech firms to its banal market.
After completing a reappraisal of optimal listing venues, the Anglo-Dutch nutrient transportation steadfast said Wednesday that it intends to delist from London's banal exchange, making Amsterdam Just Eat Takeaway.com's sole trading venue.
Explaining its decision, Just Eat Takeaway said it was delisting its shares from the LSE successful a bid to "reduce the administrative burden, complexity and costs associated with the disclosure and regulatory requirements of maintaining the LSE listing, and successful the discourse of debased liquidity and trading volumes."
It has requested that the LSE and the Financial Conduct Authority, the U.K.'s markets watchdog, cancel its listing, truthful that it can remain primarily listed connected the Amsterdam exchange.
The delisting volition go effectual from 8 a.m London clip connected Dec. 27, portion Dec. 24 volition people the past day of trading of Just Eat Takeaway's shares connected the LSE.
Earlier this month, Just Eat Takeaway.com said it would merchantability its GrubHub limb to New York-based online takeout startup Wonder for $650 cardinal — a immense discount compared to the $7.3 cardinal the steadfast paid for the U.S. nutrient transportation app.
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